World Bank warns 108 countries risk middle-income trap
theguardian.com — August 1, 2024, 02:00 PM UTC
Summary: The World Bank reports that 108 countries, including China, India, Brazil, and South Africa, face the risk of falling into a "middle-income trap." The organization emphasizes that these nations must shift from outdated growth strategies, primarily focused on investment, to avoid stagnation and improve living standards compared to the United States.
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